by Rakhi Madan | Feb 4, 2024 | First Time Home Buyer, Purchases, Renewal |
While nothing is certain, Bank of Canada cuts to the overnight rate are on tap for 2024, possibly starting in April. The strong potential for rate cuts has made variable and adjustable mortgages a top consideration for some homebuyers and homeowners because these...
by Rakhi Madan | Nov 3, 2022 | Renewal |
During the last decade, homeowners in Brampton, Toronto and the GTA seldom faced higher rates when they renewed their mortgage. But as rates have steadily climbed over 2022, those with upcoming mortgage renewals are facing a new world of higher rates and higher...
by Rakhi Madan | Oct 5, 2022 | First Time Home Buyer, Purchases, Qualifying, Refinance, Renewal |
Our rising rate environment has caused the government’s “minimum qualifying rate (MQR)” to no longer apply for those looking to purchase, renew or refinance in Brampton, Toronto and the GTA. What does that mean? Well, the MQR is part of the mortgage qualifying “stress...
by Rakhi Madan | Sep 8, 2022 | Purchases, Refinance, Renewal, Tips |
Whether you are buying your first home or next, renewing or refinancing in Brampton, Toronto or the GTA, you need the absolute best mortgage strategy that meets your needs now and, in the future. Achieving your best mortgage is more difficult than ever because we are...
by Rakhi Madan | Jun 3, 2022 | Credit, Purchases, Refinance, Renewal |
Yes, we are in uncertain times. The recent .5% increase to the Bank of Canada overnight rate was expected but each increase can be unsettling, even though we haven’t yet reached pre-pandemic levels. While many in Brampton, Toronto and the GTA are viewing our current...
by Rakhi Madan | Feb 16, 2022 | Purchases, Refinance, Renewal |
These are interesting times for all of us in Brampton, Toronto and the GTA as we head into the always busy spring market, a time when many look to buy, renew their mortgage, or put equity to work. We’re in an environment of rising inflation, ongoing supply chain...
